CALGARY, Nov. 6, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2018. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30, Nine Months Ended September 30, ($000s except per share amounts) 2018 2017 % Change 2018 2017 % Change Financial highlights Oil sales 85,946 50,563 70 % 233,954 152,973 53 % NGL sales 3,598 2,158 67 % 8,546 6,680 28 % Natural gas sales 1,492 3,704 (60)% 3,920 11,995 (67)% Total oil, natural gas, and NGL revenue 91,036 56,425 61 % 246,420 171,648 44 % Cash flow from operating activities 37,197 24,589 51 % 95,137 65,042 46 % Per share – basic ($) 0.16 0.11 45 % 0.41 0.29 41 % Adjusted funds flow 1 40,638 22,985 77 % 107,403 71,643 50 % Per share – basic ($) 1 0.18 0.10 80 % 0.46 0.32 44 % Total exploration and development expenditures 28,701 26,652 8 % 86,954 75,757 15 % Total acquisition and dispositions 6,279 36,650 (83)% 28,733 72,097 (60)% Total capital expenditures 34,980 63,302 (45)% 115,687 147,854 (22)% Net debt 1 , end of period 282,394 246,398 15 % 282,394 246,398 15 […]
